![]() ![]() It will be based in Reno Nevada, where Eldorado is based, with a "significant corporate presence" in Las Vegas, where Caesars is based.Įldorado will pay $8.40 per share in cash and 0.0899 shares of Eldorado stock for each Caesars share, or $12.75 per share. The company, which will be called Caesars, will be led by Reeg, along with Eldorado Chairman Gary Carano. "Together, we will have an extremely powerful suite of iconic gaming and entertainment brands, as well as valuable strategic alliances with industry leaders in sports betting and online gaming," Eldorado CEO Tom Reeg said in a prepared statement. The acquisition Monday puts about 60 casinos and resorts in 16 states under a single name, one of the biggest gambling and entertainment ventures in the United States. Eldorado Resorts will buy Caesars in a cash-and-stock deal valued at $17.3 billion US, creating a casino giant.
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